Exam 12: Nonbank Finance

The financial market where a corporation or government issues securities is called ________.

To promote housing and community development,the government has created ________.

The Canada Pension Plan ________.

Finance companies are ________.

Which of the following is an example of temporary life insurance?

Permanent insurance is also known as ________.

To stimulate the export of Canadian goods and services,the government established ________.

________ are arrangements whereby the customer pays an annual premium in exchange for a future stream of annual payments beginning at a set age and continuing until death.

Purchasing accounts receivable (bills owed to the firm)at a discount is known as ________.

In a defined-contribution plan future benefits ________.

The action of guaranteeing a price for a corporation's new issue of stocks is called ________.

In a private equity fund,investors are also ________.

Describe the underwriting process.

An investment bank helps ________ issue securities.

CMHC provides funds to the mortgage market by ________.

Sovereign wealth funds can be a concern because they ________.

Who assists in the initial sale of securities in the primary market?

________ policies have no cash value and provide insurance only.

________ are financial intermediaries that provide the public with a kind of protection: income payments on retirement.

A corporation acquires new funds only when its securities are sold ________.